Economy

Gov. Lynch Statement regarding State Employee Association's ratification of contract

For Immediate Release

CONCORD - Gov. John Lynch released the following statement today regarding the State Employees Association's ratification of the collective bargaining agreement:

"I am pleased that the membership of the State Employees Association has voted to support this contract. During challenging economic times for our state, we worked with state employees to reach agreement on a contract that includes innovative programs to promote employee health and wellness and that reduces health care costs. That's a good outcome for state employees and taxpayers."

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Gov. John Lynch Statement on Drop In Unemployment Rate

For Immediate Release

NH Unemployment Rate Dropped to 6.4 Percent in May, Down From 6.7 Percent

CONCORD — Gov. John Lynch today issued the following statement regarding the drop in the state’s unemployment rate:

“This is good news for our state, for our economy, but mostly for the men and women who may now be finding work. Throughout this recession New Hampshire’s unemployment rate has been below the national average, and a number of economists predict New Hampshire will lead the region as we recover from the recession.

“Despite this good news we must also remember that thousands of New Hampshire men and women are still looking for employment, and I remain committed to working toward the goal that every person who wants a job can get a job.”

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State Agency Heads to Hold NH Business Outreach Session in Berlin on June 25

For Immediate Release

CONCORD – The fourth of several regional business outreach sessions designed to directly connect New Hampshire businesses with state leaders and state services will be held Friday, June 25, in Berlin. Three outreach sessions were held previously in Lebanon, Laconia and Manchester.

“These outreach sessions are a good opportunity for business leaders to hear directly from state agency leaders, and to have their questions about state services answered directly by state agency heads,” Gov. Lynch said. “Through these sessions, business leaders get a better understanding of the services available to them and how we can better help them and their businesses.”

During Gov. Lynch’s Jobs Cabinet Roundtable Series held over the last several months, many businesses leaders asked about what services may be available to them to help grow their companies and make them more competitive. Others had questions about regulations such as permitting, and about how to better connect and do business with other New Hampshire companies. These outreach sessions are a result of those requests.

Judd Gregg, anti-social Senator

The well-mannered person adheres to the proposition that "if you can't say something nice, you shouldn't say anything at all." As a result, Republicans, and Senator Judd Gregg in particular, have gotten the benefit of Democrats' forbearance, even as they denigrate their "opponents" every chance they get. Moreover, ignoring their rudeness does nothing to tamp down an aggressive stance. Rather, given an inch, the intentionally anti-social will go for a mile or the whole globe. Perhaps, like other addicts, the abusive person has a bad habit and requires an intervention to make it stop.

At least, Gregg's escalation of his antagonism towards socialism into what he now calls "pandering populism" needs to be called out. His own words are rather damming:

Now we have this huge populist movement here and I'm trying to think, what is the rationale here other than just rampant pandering populism? A vote occurred in the Budget Committee last week, which I happen to be Ranking Member of, that crystallized the situation for me. Senator Sanders from Vermont, who I consider a friend and I enjoy immensely, a great guy with a great sense of humor, but we disagree on a lot of things as he runs as a socialist and I run as a conservative. Senator Sanders offered an amendment which said that the government has the right to break up large corporations.

Judd Gregg Equates "Confidence" with Secrecy

SOURCE: Housingwire

Where Did the $2trn Bailout Go? Amendment to Dodd Bill Wants to Know

by DIANA GOLOBAY

Tuesday, May 11th, 2010, 3:16 pm



....


The Senate shot down with a 37-62 vote an amendment by Sen David Vitter (R-LA) that would have allowed the GAO to examine monetary policy decisions at the Fed.

“Senator Vitter’s amendment, unfortunately, has as its basic purposes the disassembling of that independence,” said Sen Judd Gregg (R-NH), on the Senate floor today. “It would have the Congress the authority through the GAO to go in and investigate what happens with the open market community.”

He warned the proposed amendment could have impeded the Fed’s decision-making process.

“It would influence their ability to make decisions in the sense that they would be concerned about Congress coming in and investigating,” Gregg said.

State Agency heads to hold NH business outreach session in Manchester on May 21

For Immediate Release

CONCORD – The third of several regional business outreach sessions designed to directly connect New Hampshire businesses with state leaders and state services will be held Friday, May 21, in Manchester. Two outreach sessions were held previously in Lebanon and Laconia.

“These outreach sessions are a good opportunity for business leaders to hear directly from state agency leaders, and to have their questions about state services answered directly by state agency heads,” Gov. Lynch said. “Through these sessions, business leaders get a better understanding of the services available to them and how we can better help them and their businesses.”

During Gov. Lynch’s Jobs Cabinet Roundtable Series held over the last several months, many businesses leaders asked about what services may be available to them to help grow their companies and make them more competitive. Others had questions about regulations such as permitting, and about how to better connect and do business with other New Hampshire companies. These outreach sessions are a result of those requests.

Gov. Lynch, UNH President Huddleston announce companies chosen for Green Launching Pad

For Immediate Release

Partnership Between State and UNH Will Help Five Innovative New Hampshire Companies

Bring Products to Market, Create Jobs

CONCORD Gov. John Lynch and University of New Hampshire President
Mark W. Huddleston today announced the first five businesses selected to participate
in the Green Launching Pad, which will help innovative companies bring new
products to market and create jobs.

The Green Launching Pad is a partnership between the State and the University
that will provide intensive support to New Hampshire companies working to bring
clean new energy products to market.

“My first priority remains helping our businesses grow and create jobs.
Even though we are seeing signs of recovery, we must remain vigilant and focused
on helping our businesses and getting our people back to work,” Gov.
Lynch said.




As we help people get back to work today, I am also focused on making sure
that we are growing the jobs and companies of the future right here in New
Hampshire. The ideas and the products that will be nurtured by the Green
Launching Pad will help create good jobs, strengthen New Hampshire’s
economy for the future, and reduce harmful pollution,” Gov. Lynch said.



Seventy-one businesses and entrepreneurs submitted applications to take part
in the Green Launching Pad. An advisory board selected five business teams
that will be supported during an intensive summer business accelerator program
based in the Seacoast and aligned with UNH. Selected companies will be connected
to business, science and engineering faculty to develop finance and marketing
plans. The Green Launching Pad will also connect businesses with angel investors
and private sector business mentors.

To Save Capitalism

SOURCE:WashintonPost

E.J.Dionne's op-ed is not to be missed, if only for the quotes from the "Fabulous" Fabrice Tourre, the golden boy from Goldman Sachs who announced:

"the real purpose of my job is to make capital markets more efficient and ultimately provide the U.S. consumer with more efficient ways to leverage and finance himself, so there is a humble, noble and ethical reason for my job ;)"

The fabulous Fabrice is also a fabulist. Perhaps parents need to be more careful about what they name their children.

Report from the Lender of Last Resort--U.S. Treasury

SOURCE:U.S.Treasury

Press Release

April 22, 2010

Written Testimony of Herbert M. Allison, Jr., Assistant Secretary for Financial Stability, before the United States House of Representatives Committee on Appropriations Subcommittee on Financial Services and General Government